Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin J. O Sells 5,128 Shares

Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin J. O sold 5,128 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $73.62, for a total value of $377,523.36. Following the completion of the sale, the director now owns 1,264,700 shares in the company, valued at approximately $93,107,214. This represents a 0.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Procore Technologies Stock Performance

Shares of PCOR stock opened at $76.85 on Thursday. Procore Technologies, Inc. has a fifty-two week low of $49.46 and a fifty-two week high of $86.67. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57. The stock’s fifty day moving average is $76.72 and its two-hundred day moving average is $67.00.

Procore Technologies (NYSE:PCOR) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.51%. The firm had revenue of $295.89 million for the quarter, compared to the consensus estimate of $287.42 million. As a group, research analysts forecast that Procore Technologies, Inc. will post -0.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PCOR has been the topic of a number of recent analyst reports. Jefferies Financial Group raised shares of Procore Technologies from a “hold” rating to a “buy” rating and increased their price target for the stock from $80.00 to $100.00 in a report on Monday, January 6th. Robert W. Baird upped their price objective on shares of Procore Technologies from $87.00 to $96.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Piper Sandler lifted their price target on Procore Technologies from $70.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. The Goldman Sachs Group upped their price target on Procore Technologies from $73.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Finally, DA Davidson raised their price objective on Procore Technologies from $60.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $86.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PCOR. GAMMA Investing LLC increased its holdings in shares of Procore Technologies by 76.4% in the third quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock valued at $25,000 after purchasing an additional 175 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Procore Technologies during the third quarter worth $26,000. Versant Capital Management Inc grew its holdings in Procore Technologies by 92.1% in the 4th quarter. Versant Capital Management Inc now owns 365 shares of the company’s stock valued at $27,000 after buying an additional 175 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Procore Technologies by 6,069.2% in the 3rd quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock worth $49,000 after acquiring an additional 789 shares during the last quarter. Finally, Hilltop National Bank purchased a new position in shares of Procore Technologies during the 4th quarter worth $53,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Procore Technologies Company Profile

Procore Technologies, Inc engages in the provision of a cloud-based construction management platform and related software products in the United States and internationally. The company’s platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects.